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2013 (4) TMI 820 - AT - Income TaxLevy of penalty u/s 271AAA - search u/s 132 - Held that:- CIT(A) while deleting the penalty has given a finding that the assessee had admitted the income at the time of search and disclosed the same in the return of income filed u/s 153 of the Act and paid tax and also disclosed the manner in which the income was earned. Nothing has been brought on record by the Revenue to controvert the findings of the learned CIT(A). In view of the aforesaid facts, we find no reasons to interfere with the order of the learned CIT(A) and thus, the ground of appeal of the Revenue is hereby dismissed.
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